1 Answer
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My source (via the Wiki) for this is in French, but it should work something like this:

Are they going to include a day/night cycle?

Yes. The cycle will be faster than real time. Events and monster
spawning will change based on the time of day. Centaurs might attack a
camp at dawn, and ghosts haunting an ancient battlefield might only be
visible at night. Currently, the cycle lasts 2 hours with 80 minutes
of day and 40 minutes of night, but this is subject to change before
release.